Government ‘struggling to find best solution’: Fuel price hike

Finance minister Nhlanhla Nene during his closing remarks at the BRICS Stakeholders Round-table meeting attended by South African business people at the Sefako Makgatho Presidential Guest House in 2014.
Photo: GCIS/Flickr

The minister was speaking to journalists on the sidelines of the 10th annual BRICS Summit currently underway at the Sandton Convention Centre in Gauteng.

“We don’t have our own oil. We have to buy oil in order to sell to South Africans. It is one of those areas that we are concerned about. We actually are struggling to find the best solution,” Nene admits.